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South Korea to seek extradition of crypto fugitive Do Kwon
South Korea to seek extradition of crypto fugitive Do Kwon
Business and Economy
by  AFP

South Korea will seek the extradition of fugitive crypto entrepreneur Do Kwon, prosecutors told AFP Friday, after the Terraform founder was arrested in Montenegro and hit with US fraud charges. In South Korea, where Kwon is wanted for violations of the country's capital markets act, authorities confirmed Friday that they would seek his extradition.

Asian markets reverse after recent gains as bank fears linger
Asian markets reverse after recent gains as bank fears linger
Business and Economy
by  AFP

Asian markets dipped Friday after a broadly healthy week, as lingering concerns about the banking sector played against hopes central banks could be nearing the end of their interest rate hiking cycle. The increase came as central banks in the United Kingdom, Switzerland and Norway also raised rates, with the European Central Bank having done so last week.

How Vietnam is trying to stop rice warming the planet
How Vietnam is trying to stop rice warming the planet
Business and Economy
by  AFP

As a child, Dong Van Canh watched while the rice fields of Vietnam's Mekong Delta were set alight to make way for the next crop, blackening the sky and flooding the air with potent greenhouse gases. In the Mekong Delta, Canh, now a 39-year-old rice farmer, does not leave straw out to decay on the paddies -- nor does he burn it, as his parents did before him.

Japan inflation slows to 3.1% in February
Japan inflation slows to 3.1% in February
Business and Economy
by  AFP

Japan's consumer prices rose 3.1 percent in February from a year earlier, slowing from the four-decade highs seen in previous months, government data showed Friday. The 3.1 percent rise is above the Bank of Japan's longstanding two-percent target, which has been surpassed every month since April last year.

US state to require parental consent for social media
US state to require parental consent for social media
Business and Economy
by  AFP

Utah on Thursday became the first US state to require social media sites to get parental consent for accounts used by under-18s, placing the burden on platforms like Instagram and TikTok to verify the age of their users. Platforms including Instagram and TikTok have introduced more controls for parents, such as messaging limits and time caps.

US charges Korean Crypto fugitive after reported arrest in Montenegro
US charges Korean Crypto fugitive after reported arrest in Montenegro
Business and Economy
by  AFP

Fugitive South Korean cryptocurrency entrepreneur Do Kwon, accused of orchestrating a multi-billion-dollar fraud that shook global crypto markets last year, has been arrested in Montenegro and faces fresh criminal charges in the United States. Kwon is accused of "orchestrating a multi-billion-dollar crypto asset securities fraud", according to the US Securities and Exchange Commission.